Person Memorial Hospital in Roxboro, N.C., has signed a memorandum of understanding to become the second hospital affiliated with Duke LifePoint Healthcare, a joint venture between Durham, N.C.-based Duke University Health System and Brentwood, Tenn.-based LifePoint Hospitals, according to Duke…
Transactions & Valuation Issues
Logan Medical Center in Guthrie, Okla., and Oklahoma City-based Mercy Health System are in a process of due diligence as Mercy assumes ownership of Logan Hospital, according to an Edmond Sun report. Rick Blankenship, chairman of the board of Logan…
Starting July 1, Charlotte, N.C.-based Carolinas HealthCare System will provide management services to Murphy (N.C.) Medical Center, according to a Charlotte Business Journal report. Financial terms of the agreement were not disclosed, according to the report. MMC is a 57-bed…
Three struggling hospitals in Brooklyn are finalizing a de facto merger proposal that could be submitted to state officials as early as this week, according to a Crain’s New York report. Interfaith Medical Center, Wyckoff Heights Medical Center and Brooklyn…
St. Cloud, Minn.-based CentraCare Health System has entered an agreement to run the city-owned St. Michael’s Hospital in Sauk Centre, Minn., according to a St. Cloud Times report. The Sauke Centre City Council approved an affiliation agreement between the two…
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Martha Jefferson Hospital in Charlottesville, Va., has merged with Norfolk, Va.-based Sentara Healthcare, becoming the non-profit system’s 10th hospital, according to a Sentara news release. The 176-bed Martha Jefferson signed a letter of intent to affiliate with Sentara in Sept.…
Brown County General Hospital in Georgetown, Ohio, has officially become part of Scottsdale, Ariz.-based Southwest Healthcare Services, according to a Ledger Independent report. After four attempts in nearly two years to sell, BCGH finalized its sale to Southwest Thursday. Southwest…
The following transaction developments occurred within the past week, beginning with the most recent. 1. A merger between Seton Health in Troy, N.Y., and Albany, N.Y.-based Northeast Health and St. Peter’s Health Care Services will result in a new health…
A merger between Seton Health in Troy, N.Y., and Albany, N.Y.-based Northeast Health and St. Peter’s Health Care Services will result in a new health system with a new name: St. Peter’s Health Partners, according to a joint news release.…
Hackensack (N.J.) University Medical Center has formally applied for state permission to reopen Pascack Valley Hospital in Westwood, N.J., according to a NorthJersey.com report. The hospital closed in Nov. 2007 due to bankruptcy. If approved, the 128-bed for-profit hospital would…